Tipperary drugs firm set to be sold for over €100m

Just months after his 65th birthday, Michael Costello looks set to seal a deal that should ensure a comfortable retirement.

2nd September, 2006

Just months after his 65th birthday, Michael Costello looks set to seal a deal that should ensure a comfortable retirement.

The low-profile businessman is the final stages of selling Pinewood Laboratories, the pharmaceutical company founded in Tipperary in 1976, for more than €100 million. A deal with Indian firm Wockhardt could be completed as early as this week, catapulting Costello into the ranks of Ireland’s super-rich.

Costello, the managing director of Pinewood, is by...

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